AMD slides as chip-sector sentiment cools after recent AI-fueled run

Advanced Micro Devices (AMD) is down 3.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be driven more by sector and macro pressure than by a fresh company-specific announcement. This could be because investors are taking profits after AMD’s recent surge to a roughly $1 trillion market value, while rising oil prices, higher bond yields, and renewed debate about the pace of AI spending weighed on semiconductor names.

Details:

AMD’s shares recently rallied sharply and briefly pushed the company above the $1 trillion market-cap threshold, leaving the stock vulnerable to profit-taking after a fast run.

No new AMD press release or SEC filing surfaced today that would clearly explain a selloff tied to operations, guidance, or leadership changes.

Broader market commentary pointed to higher oil prices and firmer Treasury yields on September 28, a combination that often pressures richly valued growth and chip stocks.

Chipmakers also faced renewed concern that any slowdown in advanced AI model training could temper near-term enthusiasm around infrastructure spending.

Sources:

AMD Investor Relations, Charles Schwab, AP News, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AMD Insider Trading Activity

$AMD insiders have traded $AMD stock on the open market 142 times in the past 6 months. Of those trades, 0 have been purchases and 142 have been sales.

Here’s a breakdown of recent trading of $AMD stock by insiders over the last 6 months:

LISA T SU (Chair, President & CEO) has made 0 purchases and 84 sales selling 360,000 shares for an estimated $168,633,807.
MARK D PAPERMASTER (Chief Technology Officer & EVP) has made 0 purchases and 14 sales selling 108,533 shares for an estimated $40,842,767.
FORREST EUGENE NORROD (EVP & GM DSG) has made 0 purchases and 31 sales selling 54,009 shares for an estimated $25,029,098.
PAUL DARREN GRASBY (EVP & CSO) sold 15,000 shares for an estimated $7,723,649
JEAN X. HU (EVP, CFO and Treasurer) has made 0 purchases and 8 sales selling 15,000 shares for an estimated $7,111,160.
NORA DENZEL has made 0 purchases and 2 sales selling 10,447 shares for an estimated $5,453,334.
AVA HAHN (SVP, GC & Corporate Secretary) has made 0 purchases and 2 sales selling 3,136 shares for an estimated $1,530,538.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive AMD Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$AMD Hedge Fund Activity

We have seen 2,257 institutional investors add shares of $AMD stock to their portfolio, and 1,697 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 40,309,233 shares (+inf%) to their portfolio in Q2 2026, for an estimated $23,416,036,542
INVESCO LTD. added 36,946,499 shares (+227.7%) to their portfolio in Q2 2026, for an estimated $21,462,590,734
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 12,016,903 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,980,739,121
FMR LLC added 10,269,781 shares (+67.2%) to their portfolio in Q2 2026, for an estimated $5,965,818,480
PRICE T ROWE ASSOCIATES INC /MD/ added 7,091,788 shares (+24.6%) to their portfolio in Q2 2026, for an estimated $4,119,690,567
FRANKLIN RESOURCES INC added 4,782,691 shares (+111.0%) to their portfolio in Q2 2026, for an estimated $2,778,313,028
BLACKROCK, INC. added 4,727,226 shares (+3.2%) to their portfolio in Q2 2026, for an estimated $2,746,092,855

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AMD Congressional Stock Trading

Members of Congress have traded $AMD stock 11 times in the past 6 months. Of those trades, 9 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $AMD stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 6 times. They made 5 purchases worth up to $110,000 on 07/17, 06/05, 05/15, 05/14, 04/14 and 1 sale worth up to $15,000 on 08/18.
REPRESENTATIVE RICK W. ALLEN purchased up to $15,000 on 07/14.
REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.
REPRESENTATIVE JOSH GOTTHEIMER has traded it 3 times. They made 3 purchases worth up to $45,000 on 05/05, 04/27, 04/23 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$AMD Analyst Ratings

Wall Street analysts have issued reports on $AMD in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 05/06/2026

To track analyst ratings and price targets for $AMD, check out Quiver Quantitative's $AMD forecast page.

$AMD Price Targets

Multiple analysts have issued price targets for $AMD recently. We have seen 27 analysts offer price targets for $AMD in the last 6 months, with a median target of $490.0.

Here are some recent targets:

James Schneider from Goldman Sachs set a target price of $640.0 on 07/06/2026
Aaron Rakers from Wells Fargo set a target price of $615.0 on 06/30/2026
C.J. Muse from Cantor Fitzgerald set a target price of $700.0 on 06/29/2026
Timothy Arcuri from UBS set a target price of $670.0 on 06/24/2026
Atif Malik from Citigroup set a target price of $575.0 on 06/12/2026
Vivek Arya from B of A Securities set a target price of $560.0 on 06/11/2026
Vijay Rakesh from Mizuho set a target price of $615.0 on 06/01/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.